Uncover Key Insights on Microchip Technology

By Kim Brooks • Tuesday, June 03 15:22 • Permanent Link

Microchip Technology logged a 6.0% change during today's afternoon session, and is now trading at a price of $63.6 per share. The S&P 500 index moved 1.0%. MCHP's trading volume is 9,794,631 compared to the stock's average volume of 11,892,684.

Microchip Technology trades -0.44% away from its average analyst target price of $63.88 per share. The 23 analysts following the stock have set target prices ranging from $50.0 to $75.0, and on average have given Microchip Technology a rating of buy.

Anyone interested in buying MCHP should be aware of the facts below:

Microchip Technology's current price is 112.4% above its Graham number of $29.94, which implies that at its current valuation it does not offer a margin of safety
Microchip Technology has moved -36.2% over the last year, and the S&P 500 logged a change of 12.2%
Based on its trailing earnings per share of -0.01, Microchip Technology has a trailing 12 month Price to Earnings (P/E) ratio of -6360.0 while the S&P 500 average is 29.3
MCHP has a forward P/E ratio of 24.5 based on its forward 12 month price to earnings (EPS) of $2.6 per share
Its Price to Book (P/B) ratio is 4.84 compared to its sector average of 4.19
Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.
Based in Chandler, the company has 19,400 full time employees and a market cap of $34.31 Billion. Microchip Technology currently returns an annual dividend yield of 3.0%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.